ARRA dollars support broad sectors of Kentucky’s economy
FRANKFORT, KY – May 21, 2009 – (RealEstateRama) — Underscoring his vision to make Kentucky a national leader in energy, Governor Steve Beshear announced today a $52 million blueprint to create nearly 600 jobs by increasing efficiency and renewable energy efforts in schools, farms, homes, government buildings and private sector initiatives throughout the Commonwealth.
The funding for the plan is part of the federal stimulus plan or the American Recovery and Reinvestment Act (ARRA).
Kentucky’s allocation for energy initiatives and planning is $52,533,000 that will be utilized over the next three years, pending approval by the U.S. Department of Energy in the next several months.
“The programs that will receive the funding will have a wide-ranging and positive impact on the Commonwealth both immediately and for years to come,” Gov. Beshear said today in announcing the energy blueprint. “These programs are designed to support Kentucky’s seven-point strategy for energy independence that will position Kentucky as a national leader in production, conservation and efficiency efforts.
The Governor’s comprehensive energy plan, released last year, calls for significant reductions in greenhouse gas emissions while creating some 40,000 jobs tied to energy production and conservation between now and 2025.
Specifics of the state’s proposed stimulus funding plan include:
- Purchasing and installing energy efficiency or renewable energy equipment and materials for the retrofit of a state-of-the-art Advanced Battery Strategic Planning facility and the proposed advanced battery manufacturing facility to be built in Glendale, Ky.
- Dramatically improving energy efficiency in government buildings by installing an System and establishing the Kentucky Green Bank, a revolving loan fund for energy efficiency improvements.
- Expanding the Kentucky Energy Efficiency program in public schools, as well as the Green and Healthy Schools program, to help Kentucky schools better manage energy use, while also educating students, faculty and staff on efficiency and conservation efforts.